Booking Holdings Inc. (NASDAQ:BKNG - Get Free Report) CEO Glenn D. Fogel sold 1,013 shares of the stock in a transaction that occurred on Monday, June 16th. The stock was sold at an average price of $5,356.07, for a total transaction of $5,425,698.91. Following the completion of the sale, the chief executive officer now owns 27,646 shares of the company's stock, valued at approximately $148,073,911.22. The trade was a 3.53% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
Booking Stock Performance
Booking stock opened at $5,301.05 on Wednesday. Booking Holdings Inc. has a 52 week low of $3,180.00 and a 52 week high of $5,639.70. The firm has a market capitalization of $172.50 billion, a PE ratio of 32.98, a PEG ratio of 1.67 and a beta of 1.41. The business's 50-day simple moving average is $5,136.52 and its 200-day simple moving average is $4,943.85.
Booking (NASDAQ:BKNG - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The business services provider reported $24.81 earnings per share for the quarter, topping the consensus estimate of $17.57 by $7.24. Booking had a negative return on equity of 143.67% and a net margin of 22.58%. The business had revenue of $4.76 billion during the quarter, compared to analysts' expectations of $4.58 billion. During the same quarter in the previous year, the firm earned $20.39 EPS. The firm's revenue was up 7.9% compared to the same quarter last year. Research analysts forecast that Booking Holdings Inc. will post 209.92 earnings per share for the current year.
Booking Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 6th will be issued a dividend of $9.60 per share. The ex-dividend date of this dividend is Friday, June 6th. This represents a $38.40 dividend on an annualized basis and a dividend yield of 0.72%. Booking's dividend payout ratio (DPR) is presently 23.89%.
Wall Street Analyst Weigh In
Several analysts recently issued reports on the company. B. Riley increased their price objective on Booking from $6,000.00 to $6,100.00 and gave the stock a "buy" rating in a report on Wednesday, April 30th. JMP Securities raised their price target on Booking from $5,600.00 to $5,700.00 and gave the stock a "market outperform" rating in a research note on Wednesday, April 30th. Erste Group Bank downgraded Booking from a "strong-buy" rating to a "hold" rating in a research note on Monday, March 17th. Cfra raised Booking from a "hold" rating to a "buy" rating in a research note on Tuesday, February 18th. Finally, Bank of America raised their price objective on shares of Booking from $5,580.00 to $5,820.00 and gave the company a "neutral" rating in a research report on Monday, June 9th. Ten investment analysts have rated the stock with a hold rating, twenty have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $5,388.37.
Check Out Our Latest Stock Report on BKNG
Institutional Inflows and Outflows
Large investors have recently modified their holdings of the business. Wealth Preservation Advisors LLC acquired a new position in Booking during the 1st quarter valued at $28,000. Summit Securities Group LLC acquired a new position in Booking during the 4th quarter valued at $30,000. Bernard Wealth Management Corp. acquired a new position in shares of Booking during the fourth quarter valued at about $30,000. Keystone Global Partners LLC acquired a new position in shares of Booking during the first quarter valued at about $32,000. Finally, Promus Capital LLC acquired a new position in shares of Booking during the fourth quarter valued at about $35,000. 92.42% of the stock is currently owned by institutional investors and hedge funds.
About Booking
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Get Free Report)
Booking Holdings Inc, formerly The Priceline Group Inc, is a provider of travel and restaurant online reservation and related services. The Company, through its online travel companies (OTCs), connects consumers wishing to make travel reservations with providers of travel services across the world. It offers consumers an array of accommodation reservations (including hotels, bed and breakfasts, hostels, apartments, vacation rentals and other properties) through its Booking.com, priceline.com and agoda.com brands.
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